Pembina Pipeline (TSE:PPL) Given a C$63.00 Price Target by Raymond James Analysts

Pembina Pipeline (TSE:PPL) (NYSE:PBA) has been assigned a C$63.00 price target by equities researchers at Raymond James in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 7.25% from the company’s current price.

Other analysts have also issued research reports about the company. National Bankshares upped their target price on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Tudor Pickering & Holt lifted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th. Jefferies Financial Group upped their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. CIBC boosted their target price on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Finally, Royal Bank of Canada lifted their price target on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$58.29.

Pembina Pipeline Price Performance

PPL traded up C$0.52 on Friday, reaching C$58.74. The company had a trading volume of 358,990 shares, compared to its average volume of 2,822,354. Pembina Pipeline has a 52-week low of C$41.16 and a 52-week high of C$58.93. The company has a market cap of C$34.08 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The business has a 50 day simple moving average of C$54.63 and a 200 day simple moving average of C$51.57.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The company had revenue of C$1.86 billion for the quarter, compared to analysts’ expectations of C$1.99 billion. As a group, sell-side analysts anticipate that Pembina Pipeline will post 3.3857479 EPS for the current year.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. Company insiders own 0.05% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.